NOT LISTED FOR SALE

1901 SW 29th Ave Fort Lauderdale, FL 33312

Chula Vista Neighborhood

Estimated Value: $529,000 - $721,000

3 Beds
2 Baths
1,884 Sq Ft
$323/Sq Ft Est. Value

Last Sold June 15, 2017

Last sale price $225,000 $119 Per Sq Ft

Est. 170% increase in value since last sale

Current estimated payment $3,892/month

4 Days on Market

Highlights

  • Hurricane or Storm Shutters
  • Open Patio
  • Central Heating and Cooling System
  • Porch
  • Ceramic Tile Flooring
  • 1-minute walk to Ann Herman Park

About This Home

As of June 2017

Cash cow duplex in a quiet residential area. Tremendous potential for added value here with rents well under market. Two units, 3/2 and a 2/1, both currently rented to long term tenants. 2 parking spaces per unit. Fenced back yards. Tenants pay all their own utilities. 7.6% cap rate currently with potential to be over 12%. Great neighborhood with parks close by. Close to highways and public transportation.

Last Agent to Sell the Property

Richard Bryant

RE/MAX Select Group License #3264286 Listed on: 05/11/2017

RE/MAX Select Group

Last Buyer's Agent

Richard Bryant

RE/MAX Select Group License #3264286 Listed on: 05/11/2017

RE/MAX Select Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,699

Year Built

  • Built in 1974

Lot Details

  • Fenced

Parking

  • 4 Parking Spaces

Home Design

  • Duplex
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 1,884 Sq Ft Home
  • 1-Story Property
  • Ceramic Tile Flooring
  • Hurricane or Storm Shutters

Outdoor Features

  • Open Patio
  • Porch

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Total Actual Rent $25,200
  • Rent includes gardener
  • Assessor Parcel Number 504217100232

Community Details

Overview

  • 2 Units
  • Rohan Acres 22 43 B Subdivision

Building Details

  • Net Operating Income $17,230

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,699

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Duplex
  • Property Sub Type Additional: Duplex
  • Year Built: 1974
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: Unknown
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Private Spa: No
  • Flooring: Ceramic Tile, Tile
  • Living Area: 1884.0
  • Window Features: Other

Exterior Features

  • Exterior Features: Fence, Porch, Patio, Storm/Security Shutters
  • Lot Features: < 1/4 Acre
  • Pool Features: None
  • Waterfront Features: None
  • Waterfront: No
  • Construction Type: Block
  • Patio And Porch Features: Open, Patio, Porch
  • Property Condition: Unknown
  • Roof: Composition, Shingle

Garage/Parking

  • Total Parking Spaces: 4.0

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available
  • Water Source: Public

Condo/Co-op/Association

  • HOA Rent Includes: Gardener

Lot Info

  • Parcel #: 504217100232
  • Zoning Description: RD-10

Multi Family

  • Property Net Operating Income: 17230.0
  • Number Of Units Total: 2
  • Total Actual Rent: 25200.0

Tax Info

  • Tax Year: 2016
  • Tax Annual Amount: 3699.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 11, 2017
Closed on
Jun 16, 2017
Sold by
Mitchell Colin G
Bought by
Plasencia Grisell and Colt Georged
Seller's Agent
Richard Bryant
RE/MAX Select Group
Buyer's Agent
Richard Bryant
RE/MAX Select Group
List Price
$225,000
Sold Price
$225,000
Current Estimated Value
$608,224

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$383,224
Avg. Annual Appreciation
12.62%

Purchase Details

Closed on
Sep 28, 2001
Sold by
Savage George R and Savage Carol
Bought by
Mitchell Colin G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$121,000
Interest Rate
6.89%
Mortgage Type
Commercial

Purchase Details

Closed on
May 1, 1989
Sold by
Available Not
Bought by
Available Not
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Plasencia Grisell $225,000 Title Professionals Corp
Mitchell Colin G $142,500 Imperial Title & Escrow Co
Available Not $7,857 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mitchell Colin G $121,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/15/2017 06/15/17 Sold $225,000 0.0% $119 / Sq Ft
05/16/2017 05/16/17 Pending -- -- --
05/11/2017 05/11/17 For Sale $225,000 -- $119 / Sq Ft
Source: BeachesMLS (Greater Fort Lauderdale)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $8,318 $394,550 -- --
2024 $7,701 $394,550 -- --
2023 $7,701 $326,090 $0 $0
2022 $6,759 $296,450 $0 $0
2021 $6,207 $269,500 $0 $0
2020 $5,705 $254,830 $37,400 $217,430
2019 $4,916 $245,690 $37,400 $208,290
2018 $4,188 $202,490 $37,400 $165,090
2017 $3,965 $168,440 $0 $0
2016 $3,699 $153,130 $0 $0
2015 $3,285 $139,210 $0 $0
2014 $3,044 $125,570 $0 $0
2013 -- $127,580 $37,400 $90,180
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: F10066271

BeachesMLS (Greater Fort Lauderdale)

APN: 50-42-17-10-0232

Florida Broward County Fort Lauderdale 33312 Chula Vista

1901 SW 29th Ave, Fort Lauderdale, FL

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